Developing Nations Condemn ‘Abysmally Poor’ COP29 $300 Billion UN Climate Agreement
Representatives from developing nations have expressed their discontent with the UN climate agreement, which allocates $300 billion annually to combat climate change.
The agreement aims to assist poorer countries in addressing the impacts of global warming. It was reached after intense negotiations in a city historically known for pioneering the oil industry.
COP29 President Mukhtar Babayev ratified the deal before any nation could voice their opinion.
When given the opportunity to speak, delegates criticised the deal for being inadequate.
“It’s a paltry sum,” remarked India’s negotiator Chandni Raina. “I’m sorry to say we cannot accept it.”
She further condemned the amount as “abysmally poor” and accused developed nations of imposing adaptation measures on developing countries without considering their need for economic growth.
A chorus of nations echoed India’s sentiments, with Nigeria’s Nkiruka Maduekwe, CEO of the National Council on Climate Change, labelling the deal as an insult and a mockery.
She argued that it was impractical and that developed countries should bear more responsibility for their historical and ongoing contributions to climate change.
“It is not something we should take lightly. I do not think is something we should clap our hands,” she added.
